China’s trade war trumpet

US President Donald Trump has threatened to tax 10 percent of Chinese goods worth 200 billion US dollars by pushing the trade war with China.

The US President has said about this tax that if China does not change its attitude, then this threat will be implemented.

At the same time, the US president says that China has been taking advantage of the United States due to business inequality over the past several years.

Announcement of new taxes on Chinese goods

Trump has said that he has ordered the advisors of his business related issues to mark the Chinese products on which new taxes can be levied.

Earlier this week, Trump had announced that the US would impose $ 25 billion on Chinese goods for US $ 50 billion.

After this, China said in response that it will affect US 659 US $ 50 billion worth of products, which will be taxed like that.

US President Donald Trump released his statement on Monday night and said, “If China does not show its attitude, then the taxes will be implemented effectively.”

“If China recovers, we will be able to tax other products worth 200 billion US dollars.” The US says its trade with China is unbalanced.

It will affect China’s airplanes, turbines and commercial dishwasher products.

China also imposed
China has also announced to impose taxes on US $ 34 billion of products, which will be effective from July 6.

These products include farming products, cars and marine products.

According to Chinese news agency Xinhua, other US products will be taxed in the coming days.

Taxes imposed on more than 800 Chinese products of US $ 34 billion from the US will also be implemented from July 6.

The White House has said that the other 16 billion US dollars would be discussed with the advisors to impose tax on Chinese products after which they will be implemented.

USA In this case, it wants China to stop activities that are due to transfer intellectual property such as design and product ideas.

The reason for this is that foreign companies have to share proprietary rights with local companies to enter the Chinese market.

However, according to many economists and companies, these taxes can be harmed to those areas which the government is trying to save. These are the areas which depend on the parts and assemblies that come from China.

The United States has decided to tax after investigating the issues related to intellectual property rights in China this year.

After this, the list of 1300 Chinese products was released, which was to be taxed in the month of April.

This time the list of products released on Friday was quite small, making attention to feedback and criticisms.

After this plan, mixed political reaction has been observed. The Democrats have praised this decision, while supporters of the Republican Party, which had a strong credibility in free trade, have criticized this decision.
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